Plaintiff's law firm issued a press release on February 1, 2019, announcing the filing of the lawsuit. According to the press release, the Complaint alleges that GE and its Chief Executive Officer violated the Securities Exchange Act of 1934 by issuing false and misleading statements relating to the U.S. Securities and Exchange Commission's expanded investigation into the Company's accounting practices, including investigating GE's $23 billion goodwill impairment charge. The Company announced the Power Charge on October 1, 2018, and the SEC investigation began shortly after.
General Electric Company Securities Litigation (2019)
Feb 05, 2019 | General Electric Company NYSE: GE | Case Status: Filed
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First Identified Complaint
Ezra Birnbaum, et al. v. General Electric Company, et al.
First Identified Complaint Filings
|#||Document Title||Filing Date|
|1||Class Action Complaint||February 1st, 2019|
|2||U.S. District Court Civil Docket||February 4th, 2019|